Unlike The Phantom Menace version of Socialism paraded around at Tea Party rallies where Obama is compared to Stalin, there are actual socialists in the world who hold actual socialist views of what’s happening in the economy. Sometimes it’s useful to listen to these voices, not because they are right (although sometimes they are), but […]

Keynesian economics, as it applies to driving GDP growth with government spending, only applies to military spending it seems. Funny that. That’s not how I learned it. But surely that must be true since the defense industry is claiming it to be true.

Holy mackerel! Bruce Bartlett, economic advisor to Ronald Reagan and George H.W. Bush makes a surprisingly strong case for Keynesian fiscal stimulus. He also says that, between Obama and Congress, it’s never going to happen. He dismisses the idiocy of regulation as causing the lack of aggregate demand.